Taiwanese Delegation considering Northern Kentucky for new business

1. NORTHERN KENTUCKY REGIONAL ECONOMIC DEVELOPMENT
Taiwan Delegation
June 25, 2010

2. Northern Kentucky Tri-ED Mission
Build a
world-class
economy in
Northern Kentucky
through the expansion
of existing businesses
and the creation and attraction
of high quality, primary
industry employers.

3. Northern Kentucky Tri-ED Region
• 419,700 population
• 8% of KY’s population
• 17% of the Cincinnati MSA
population
• Within 600 miles of more
than half of America’s
manufacturers and
consumers

4. Regional Economic Development
1987 - 2010
• $4.7 billion in capital
investment
• 490 companies
attracted to/ expanded
in the region
• 48,277 primary jobs
created
5-Time Winner of Site Selection’s
“Top Ten U.S. Development Group” Award

5. Northern Kentucky Tri-ED Target Industries
Professional Office Operations
Corporate headquarters, sales offices & technical support centers
High Engineering Content Manufacturers
Industrial equipment & machinery, advanced materials, test &
measurement equipment and medical equipment
Technology Oriented Projects
R & D, data centers, knowledge-based projects

6. Cincinnati USA Partnership
To Whom Do We Market?
Established Industry Clusters
•Aerospace
•Automotive
•Chemistry & Plastics
•Financial Services
Emerging Industry Clusters
•Advanced Energy
•Consumer Products/Creative Services
•Information Technology
•Life Sciences

7. Vision 2015
The Power of Six - Each of these areas is dependent on the others
for propelling our community forward and transforming our region.

8. Vision 2015–Economic Competitiveness
1. Develop economic competitiveness strategy fully integrated
with Cincinnati
2. Focus on highest growth potential industry sectors for
high-paying jobs
3. Make entrepreneurship & innovation defining qualities of region
4. Create and implement a regional marketing plan and
consistently promote to internal and external audiences
5. Connect our region by creating an electronic public platform for
commerce, education and communication
6. Align college and university programs/resources to support
overall economic competitiveness

9. Regional Coordination & Partnership

10. Improvements in Major KY Incentives
Reinvestment in Manufacturing Facilities
Kentucky Business Investment Program (KBIP)
Kentucky Enterprise Initiative Act

11. Additional Incentives
See www.thinkkentucky.com
Biofuels Tax Credits
Recycling Equipment Credit
Small Business Direct Loan Program
New Energy Ventures Fund
KY Enterprise Fund
KY Science & Engineering Grants
SBIR/STTR Phase Zero & Double Zero Grants
Tax Increment Financing
Industrial Revenue Bonds
Job Training Grants – BSSC and KY WINS
KY Investment Fund

12. Major Northern Kentucky Projects

13. Toyota Motor Engineering & Manufacturing
North America
NKY Business
Company Profile Functions:
Capital investment $70 million • Administration
• Finance
Total Jobs 1,300
• Planning
Size 42 Acres & 270,000 SF • HR & IT
• Legal
• Engineering
• Purchasing
• Supplier support
“When your slogan is ‘moving forward,’ you want
to be in a state that is doing just that.”
– Jim Wiseman, Vice President

14. • Midwest Regional Campus
• World’s largest private provider of mutual fund
services with more than $3 trillion in assets.
Midwest Region Campus
Capital investment +$350 million
Total Jobs 3,800
Average Salary $48,000

15. Company has received Kentucky awards
totaling nearly $1 million
One of the most recognized ezone clients –
IT service company providing data
infrastructure management to
approximately 100 customers – many of
which are Fortune 500 corporations
Company Profile
Revenues $11.9 million
Total jobs 89
Average Salary $80,771

16. • Parent company Yamazaki Mazak Corp. is the world’s leading
supplier of CNC machine tools
• 14th expansion in 30 years in Northern Kentucky
Company Profile
Capital Investment $170 million
Total Jobs 450
Size 90 acres; 557,000 SF

17. • US Headquarters, Manufacturing and R&D facility in Boone Co.
• The research facility undertakes polymer development from
formulation to scale-up, production and testing.
Company Profile
Capital Investment $41 million
Total Jobs 284
Size 23 acres; 263,600 SF

18. • Regional Headquarters and Manufacturing Center
• Formerly known as Cincinnati Milacron
• A leading supplier of production machinery for
nearly 125 years
Company Profile
Capital Investment $8 million
Total Jobs 490
Size 51 acres; 431,200 SF

19. LAFARGE NORTH AMERICA
Nation’s largest diversified construction
materials company
Expansion of Silver Grove Plant
Capital investment $120 million
Employees 195
Total square footage 643,350
This facility is the largest drywall plant in
North America capable of producing 1,600
million SF of wallboard annually!

20. WILD Flavors
• Headquarters and R&D Facility
• Developer and manufacturer of flavors, colors &
ingredient systems
Company Profile
Capital Investment $75 million
Total Jobs 450+
Size 71 acres; 561,000 SF

21. 2010 Northern Kentucky Thoroughbreds
Companies that announced new, start-up or expanded operations in 2009

22. Northern Kentucky – Opportunity Central
A place where:
Urban excitement meets neighborhood charm
International travel options coexist with easy commutes
World-class entertainment complements a low cost of living
A skilled workforce delivers high productivity & lower operating costs

23. Northern Kentucky – Quality of Life
The Best of Urban Living
Unique blend of elegant, charming neighborhoods with an urban core
Region offers cosmopolitan atmosphere and amenities of large city

24. Northern Kentucky – Transportation
An Ideal Location
Convenience and accessibility - transportation issues are a distant
memory - less time, fewer hassles, more savings.

25. Northern Kentucky Residential Areas
The Ascent
Residential Real Estate
Residential Real Estate Harbor Greene
Mansion Hill District

26. Northern Kentucky Regional Attractions
Turfway Park
Newport Aquarium
Riverfest
Kentucky Speedway More than 60 Golf Courses

27. Northern Kentucky University
$52 million College of Informatics now under construction

28. Manhattan Harbour
A $900 MM project consisting of:
• 20-Story Condominium Tower
• 12 Town Homes
• Private Marina Club
• 18 Themed Restaurants & Bars
• 4-Star Hotel
• World Market
• Medical Offices
• Outdoor Concert Venue

29. OVATION
CITY of NEWPORT

30. Cincinnati/Northern Kentucky
International Airport
With daily domestic and international flights
and recently lowered fares, CVG brings
comfort and efficiency within reach.
Efficiency

31. Newport Aquarium
Home to hundreds of different
species, and dozens of exhibits,
the Newport Aquarium offers an
educational adventure for even
the most accomplished fish
connoisseur.
Exciting

32. With world class dinning,
professional sports teams and
diverse entertainment venues,
the problem isn’t what to do
today, it’s how much can I fit
in…
Entertainment

33. Here you will find a spectacular
array of culture, with some of the
nation’s best-known and oldest
performing arts organizations, and
more than 100 museums and
galleries.
Inspire

34. Cathedrals &
Basilicas

35. Our region offers a wide variety of
urban and suburban housing options
allowing our resident to find the house
with just the right character.
Home

36. So what do you get when you combine a thriving region
with diverse culture opportunity, excellent resources and
amenities; and where everyone is moving in the same
direction?
Explosive Opportunity

37. LEXINGTON, KENTUCKY
September 25-October 10, 2010
www.alltechfeigames.com

38. Questions?